EUR/CAD - Close to its first target at 1.4313

EUR/CAD close to its first target near 1.4313

We have tracked this decline since the top of red wave ii on April 28 at 1.5306 and this count has worked to absolute perfection. Now we are just about to hit the first target for red wave v at 1.4313. We can count five clear waves down from 1.5586 and it will just be a matter of time before a correction towards at least 1.4730 takes over.

Short term a break above 1.4435 will be the first warning that a bottom could be in place, while a break above 1.4501 is needed to confirm the bottom for wave 1 and that wave 2 towards at least 1.4730 is unfolding.

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Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Hani
2014-06-06
I have been a fan of you blog for several years!
I am so impressed at your renewal.
Elliott wave analysis is so difficult to me, but so interesting and useful.

Thank you
Hani
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe